News

Ibrahim El Shamy, CEO of Jotun Egypt, said the company has invested more than $100m in its new manufacturing facility in 10th of Ramadan City over the past three years, reaffirming its commitment to expanding operations in Egypt and strengthening the country as a regional manufacturing and export hub. Speaking…

Walid Gamal El Din, Chairperson of the Suez Canal Economic Zone (SCZONE), laid the foundation stone for the Nile Ferro Alloys plant, a major investment by India’s Jai Dadi Group in the East Ismailia Industrial Zone (Technology Valley), Sinai. The project spans 80,000 square metres and represents a total investment…

Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), has announced the successful completion of the third issuance under the eighth securitisation programme for U Consumer Finance S.A.E. (Valu), with a total value of EGP 744m. Al Ahly Pharos acted as the sole…

Commercial International Bank Egypt (CIB), Egypt’s largest private-sector bank, has signed a strategic partnership with IE University to advance leadership development, executive education, and professional growth in Egypt. The agreement reflects both institutions’ commitment to developing human capital, fostering innovation, and strengthening collaboration between higher education and industry. By combining…

Egypt has announced a series of measures to strengthen care for patients living with rare diseases, including expanding early screening programmes, establishing a national patient registry, and creating a dedicated funding mechanism, during the launch of the country’s first national forum dedicated to rare diseases. Speaking at the opening of…

Egypt’s Minister of Industry, Khaled Hashem, met with executives from Bel Egypt, a leading dairy products manufacturer, to review the company’s current operations, future expansion plans, and opportunities to deepen local manufacturing and increase domestic sourcing. The meeting was attended by Hany Aram, Bel’s Regional Manager for Egypt and Northeast…

The Deputy Chairman of the Planning and Budget Committee in the House of Representatives and head of the Justice Party, MP Abdel Moneim Imam criticized the government during Monday’s plenary session of the House of Representatives, which discussed the draft law concerning periodic allowance. He announced his rejection of the…

Egypt and Switzerland have signed a 1.4m Swiss franc ($1.7m) grant agreement to launch a project aimed at building a national system for the sustainable management of electronic waste, supporting the country’s transition to a circular economy and expanding green industries.   The agreement was signed by Egypt’s Minister of Local Development…